Other Business Management

Expanding your business beyond the shores of the United States -- and sending management or support personnel to an international site -- comes with important human resources considerations. In particular,… Read More

Business requirements specifications and user requirement specifications are terms typically found in the field of project management. Both refer to documents created in the project planning process that establish project… Read More

Inventory is arguably one of the largest assets in most companies. Appropriately managing that sizable investment is crucial in your business operations. Initiating serial number inventory management is an effective… Read More

Developing a safety plan for a nursing home requires consideration of its structure and the residents who live there -- typically people who are frail, cognitively challenged, comatose or bedridden.… Read More

Landscaping companies keep lawns, shrubbery and trees looking attractive, improving curb appeal for their clients. The industry is lucrative in the U.S. with companies of all sizes vying for market… Read More

The National Contract Management Association defines contract management as managing customer and supplier expectations, controlling risks and costs and integrating a broad set of functions in the buying and selling… Read More

The Internal Revenue Service tax code generally allows corporations to contribute to tax-exempt charitable, educational, scientific and literary purposes and to deduct the amounts from their federal income taxes. Corporations… Read More

Generally, anytime your business sells inventory, it's going to charge sales tax. In some states, certain types of rentals are taxable too. With a rent-to-own contract, from the government perspective… Read More

Customer relationship management systems gather a wide range of customer data into a single source, allowing employees across an entire organization to share information and important notes about customers' preferences,… Read More

When a company has no other option but bankruptcy, the owners can choose between Chapter 7, a complete liquidation, or Chapter 11, which leads to reorganization. The price-to-earnings ratio compares… Read More

When dividing territories, franchisors have to balance the needs of the franchisee, franchisor, and customer. The franchisee must be able to be profitable within their territory without experiencing significant cannibalization,… Read More

Large chains and multinational companies enjoy a strategic advantage over smaller businesses in that they can leverage economies of scale when purchasing products or raw materials, which nets them significant… Read More

An audit report is the auditor’s opinion through findings and recommendations after an investigation into a company’s financial information. There are no statutory requirements to comply with the report, but… Read More

When fundraising for a 501(c)(5), you want to start by telling everybody what your mission is. Find out about fundraising for a 5010(c)(5) with help from an experienced business professional… Read More

When going to an admissions interview, you always want to wear business professional attire. Find out what to wear to an admission interview with help from an experienced business professional… Read More

College graduates make a significantly larger amount of money than non-graduates do across a large number of industries. Find out how much money college graduates make as opposed to non-graduates… Read More

In exchange for letting your partnership raise money from investors who benefit from limited personal liability, Michigan closely monitors the involvement of partners in your limited partnership. The company must… Read More

A growing corporation can face the pressures of heightened expectations. Analysts and shareholders may have become accustomed to a rate of growth that management finds hard to sustain. Executive compensation… Read More

Facility maintenance is a service that many companies and government offices contract to third-party vendors. The facility manager typically negotiates contracts and oversees the work done by the vendors. Work… Read More

A inventory strategy addresses the practical question of how to keep a business supplied and meet customer demand. However, a successful inventory strategy connects gracefully with every other aspect of… Read More

Small-business owners are often so hard-pressed with meeting day-to-day sales goals and management tasks that it’s hard to think about next year’s -- or even next month’s -- operational needs.… Read More

Generally accepted accounting principles define contingent liability or loss as an existing situation or set of circumstances that might hurt your business. These events will ultimately resolve when one or… Read More

Simple gifts and thank-you notes to customers, vendors and suppliers don’t set you apart with your business partners and might even come across as gratuitous formalities. A more effective way… Read More

The basics of running a business will always include the topics of sales maximization and profit maximization in the list of necessary information. While they are both useful concepts, though,… Read More

Professionals often have emotional attachments to their jobs and their roles in their company. Any time an organization goes through internal changes, it has the potential to impact the workplace… Read More

If your contract is evergreen, it contains language that automatically renews the contract when the initial term is up, saving both parties the chore of renegotiating. However, the simplicity of… Read More

To make sure your warehouse operates efficiently and you can provide good services to your customers, you’ll need to conduct warehouse operations assessments at regular intervals. A good evaluation strategy… Read More

Nonprofit organizations do work that support the causes of groups such as religious, charitable, scientific and educational organizations. For example, they might promote youth sporting events or raise funds to… Read More

Licensing agreements allow someone to use the intellectual property of another party for a limited time or purpose. Intellectual property licensing agreements typically deal with patents, trademarks, copyrights or trade… Read More

What’s good for the goose isn’t always best for the gander when it comes to balancing brand management and corporate strategies. Some executive management goals might temporarily improve the bottom… Read More

Organizations often focus on aligning management information systems with business goals. They collect, process and store data and then use this information to report on and manage operations. A viable… Read More

Crisis management occurs when leaders create a set of guidelines and conduct preparation activities to give direction for the most difficult situations. They plan, prepare and make decisions based on… Read More

All organizations face issues in accountability ethics and social responsibility, but especially in the nonprofit world. Nonprofits operate in strict regulatory environments, with their operations scrutinized by supporters just as… Read More

Distributor agreements and agency agreements are contracts used for similar purposes in a variety of industries, but each includes distinct characteristics establishing a different type of fiduciary relationship. A fiduciary… Read More

Sustainability principles impact every business operation of your company. Business sustainability is defined as controlling or managing all the elements of business including financial operations, social responsibility, environmental responsibility, contractual… Read More

Concentric mergers, also known as congeneric mergers, combine two companies from the same industry that have no previous business relationship. The acquiring company absorbs the target and allows it to… Read More

A conflict of interest exists when an organization or its employees could possibly benefit from exploiting their official capacities. This doesn’t necessarily mean that the parties involved are corrupt. Rather,… Read More

Demand planning and demand management, although they seem similar, have distinct goals. Demand planning involves predicting upcoming consumer demand, which helps a business prepare itself for the near future. Demand… Read More

Some of the most successful companies in the world operate according to a philosophy of continuous improvement. Companies that emphasize continuous improvement aim to become more effective, efficient and profitable… Read More